Page 23 - Sectional Title Policy Wording

Buildings
SUB-SECTON A – PROPERTY
DEFINED EVENTS
1. Damage by the perils described
BUILDINGS
Damage to the whole or part of the property described in the Schedule, owned by the Insured or for which they are legally responsible, including alterations by the Insured as tenants to the building and structures, by:
1. Fire;
2. lightning and thunderbolt;
3. subterranean fire;
4. explosion;
5. earthquake (whether arising from mining operations or otherwise), volcanic eruption or other convulsion, but excluding loss of or damage to property in the underground workings of any mine;
6. special perils:
6.1 Storm, wind, water, hail or snow but excluding damage to property:
6.1.1 arising from its undergoing any process necessarily involving the use or application of water;
6.1.2 caused by tidal wave originating from earthquake;
6.1.3 in any structure not completely roofed unless specifically insured as a separate item in the Schedule;
6.1.4 being retaining walls unless specifically insured as a separate item in the Schedule;
6.2 aircraft and other aerial devices or articles dropped therefrom.
6.3 impact by animals, trees, aerials, satellite dishes or vehicles excluding damage to such animals, trees, aerials, satellite dishes, vehicles or property in or on such vehicles.
PROVIDED THAT:
This Defined Event (special perils) does not cover:
1. wear and tear and gradual deterioration
2. damage caused or aggravated by:
2.1 subsidence and landslip;
2.2 leakage or discharge from any sprinkler or drencher system in the buildings insured hereby exceeding R50 000 (fifty thousand rand);
2.3 your failure to take all reasonable precautions for the maintenance and safety of the property insured and for the minimization of any damage;
2.4 mildew, damp, rise in the underground water table, rising damp, rust, corrosion or rot;
7. Theft (or any attempt thereat) accompanied by the use of force and or the forcible and violent entry into or exit from such building or property.
7.1 If any building insured or containing Your property (provided that for the purpose hereof if the building compromises of two or more parts or units then each unit will be regarded as a separate building for the purposes of this clause) becomes unoccupied for 31 consecutive days, this item is suspended as regards the property affected unless You obtain the written agreement of Hollard to continue this insurance before the occurrence of damage.
7.2 During the period of the initial unoccupancy of 31 consecutive days You will become a co-insurer with Hollard and will bear a rateable proportion of any damage equal to 20% of the claim before deduction of any First amount payable.
Sectional Title Insurance Policy Wording – Version 4 2023 Page | 21